Redemption of Securities

Diageo PLC
11 November 2004


For Immediate Release
11 November 2004



                       GRAND METROPOLITAN DELAWARE, L.P.

                       REDEMPTION OF PREFERRED SECURITIES


Grand Metropolitan Delaware, L.P. has called all of its 9.42% Cumulative
Guaranteed Preferred Securities, Series A (NYSE:  GRM PrA; Cusip:  386087 209)
for redemption on 16 November 2004.  The Preferred Securities will be redeemed
at $25.00 per Preferred Security together with accumulated and unpaid dividends
to the date of redemption.  Pursuant to the terms of the Preferred Securities,
the funds for redemption will be deposited with the Depositary Trust Company.



                                     -ends-



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Kelly Padgett              Investor Relations            [phone]


IsabelleThomas             Media Relations               + 44 (0) 20 7927 5967





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